Ask Question
Social StudiesSocial Studies
20 June, 09:17

Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP) ? For example, is cotton used to produce a new shirt included in GDP?

+1
Answers (1)
  1. 20 June, 10:47
    0
    No, the value of intermediate goods is not included in GDP because that value is already included in the value of the final goods.

    In other words, GDP is a measure that includes only the value of final goods and services produced in a given region, within a given period of time.

    In this case, the value of the cotton is already added to the value of the new shirt, therefore, only the value of the shirt is included in GDP.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP) ? For example, is cotton ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Rough-and-tumble play peaks in middle childhood. early adolescence. early childhood. late adolescence.
Answers (1)
Name 5 services available at banks
Answers (1)
What are some common engineering and technology employers? check all that apply. 1. advertising companies 2. the government 3. energy companies 4. historical organizations 5. hotel companies 6. manufacturing companies
Answers (1)
What was Benjamin Banneker major achievements?
Answers (1)
Which of the following best describes manifest destiny? a. a divine force willed the united states to obtain and settle the western territories. b. it was the united states' destiny to fight the civil war. c.
Answers (1)
New Questions in Social Studies
What is one reason some say that the convenience and accessibility of music these days come at a price? A. Because people have to buy entire albums, which gets expensive B. Because people are not interested in new music and want only the oldies C.
Answers (2)
Is this correct? City-states is an Empire Explain why or why not
Answers (1)
According to Census 2000, which race has the lowest proportion of individuals separated or divorced? Hispanic Asian Black
Answers (1)
The nurse is teaching a parenting class to a group of pregnant adolescents. the nurse pretends to be the baby's father, and the adolescent mother is asked to show how she would respond to the father if he gave her a can of beer.
Answers (1)
Prior to 1947 how were good transported from india and china to europe by land thru asia or africa
Answers (1)
Home » Social Studies » Is the value of intermediate goods and services produced during the year included in Gross Domestic Product (GDP) ? For example, is cotton used to produce a new shirt included in GDP?
Sign Up Forgot Password?